UniSuper Management Pty Ltd Acquires 3,448 Shares of Fox Co. (NASDAQ:FOX)

UniSuper Management Pty Ltd lifted its holdings in Fox Co. (NASDAQ:FOX) by 22.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,150 shares of the company’s stock after acquiring an additional 3,448 shares during the quarter. UniSuper Management Pty Ltd’s holdings in FOX were worth $876,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter worth $29,000. Glenmede Trust Co. NA lifted its stake in shares of FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. boosted its holdings in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the period. Ieq Capital LLC purchased a new stake in FOX during the 4th quarter valued at about $211,000. Finally, Empirical Finance LLC bought a new position in FOX during the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Price Performance

Shares of FOX stock opened at $52.71 on Tuesday. The firm has a market cap of $23.90 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. The company’s fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $45.15. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $27.63 and a 12-month high of $55.00.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is currently 11.56%.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Insider Buying and Selling at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.